The Importance of having a plan

Summer holidays are almost at an end, kids all back to school and now looking forward to the next holiday season, Christmas!!

Some more new faces to the group this month, thank you for coming along…

This month we had the pleasure of Peter Trembeth, from Peter Trembeth Wealth Management, taking up our 10-minute speaker slot.  He gave us an insight on ‘The Importance of have a Plan’.

First piece of advice was to ‘Keep things simple’ and to do this we need to recognise the three stages throughout our life that we need to consider to plan properly…

1. 1.       Building & Accumulation Stage – Leaving education, getting jobs, buying a house, family, children – this is our working life
2. 2.       Managing – Retirement, stop working – to do this we need to use what we have built
3. 3.       Cascading – Decisions on what to do with our wealth once we are no longer here, ensure it goes to the right people that we would like it to

So, Peter’s role is to ascertain what his client’s objectives are so that he can ensure he gives the best direction, advice and financial products that will be best for their end goal to try to assist them to achieve this.

‘Everyone has a plan til they get punching in the mouth’ – Mike Tyson

The above quote is very true and life unfortunately does not always allow us to keep to our plans, dreams, etc, this could be due to illness, divorce, accidents, redundancy, etc.  Because of this we all need a ‘Plan B’.

Plan B = Protection =

The statistics in 2013 were showing that people are now living a lot longer and so it is more important to make sure that we plan properly to ensure that we can have the dreams that we would like.

People born in 2013 are predicted to live, on average, until 100-years-old

People aged 65 in 2013 are predicted to live, on average, until 100-years-old

Other obstacles that should be considered outside of our personal lives are other problems that come along and can impact on our lives, plans and dreams, such as:-

• Low Interest Rates
• Brexit
• Terrorism
• Middle East
• North Korea

Summary

• Use tax efficient investments
• Diversify your investments widely
• Review your plan, annually ideally
• Take action & get professional advice

If you are interested in looking into how Peter can help you, then check out www.ptrembeth.co.uk Peter is also offering a FREE seminar on Auto Enrolment at Mandora House in Aldershot on 30^th September, 10am - 12pm, book via Eventbrite or contact Peter peter.trembeth@sjpp.co.uk

Next Evening Networking Tuesday 20^th September, 6-8pm in La Galleria Restaurant.

Next Morning Networking Wednesday 5^th October 7-9am in Yateley Industries Hall.